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Result of Credit Provider Short Term Category at the 2020 Online Debt Review Awards Show.

For more info: www.debtreviewawards.co.za

Hi! Today’s video is our debt review for August 2020. ?
Hope you enjoy the video!!

Answers to your burning questions:

What planner do I use for my budget?
• Erin Condren – https://www.erincondren.com/referral/invite/brendacline/1
*If it is your first time buying & creating an account, you will get a $10 off coupon your first purchase and I will also receive a $10 coupon*

What pens do I use?
• TUL pens & Pilot G-2 07

What camera do I use to film?
• Samsung Galaxy S7 Edge

What free editing software do I use?
• Olive – https://www.olivevideoeditor.org/

What program do I use for my intro, outro, & thumbnails?
• Canva – https://www.canva.com/join/asking-backdrop-malaga
• I use the free version
*If you use this link, we will both receive Canva Credit towards premium elements, such as images, illustrations, icons, and music*

What color nail polish am I wearing?
• Au Naturel!

DISCLAIMER: The links included in this description might be affiliate/referral links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for your support!

The Annual Debt Review Awards will be held online on September 11th 2020.
You are in the right place.

PreShow: 11am
Presentations: 2pm:
Awards Show Begins: 3pm

Debt Review Awards Founder Zak King speaks to a well known Debt Counsellor and Credit Provider about their views on the criteria used in the annual peer review of Payment Distribution Agents (PDAs).

For more information about the Debt Review Awards process head to: www.debtreviewawards.co.za

Here are the numbers for the month of July! Every baby step is getting us closer to debt free living!

Hi! Today’s video is a debt review for June 2020! In this video, I will show you our debt totals for the month and our progress relative to the beginning of the year. ?
Hope you enjoy the video!!

Answers to your burning questions:
What planner do I use for my budget?
• Erin Condren – https://www.erincondren.com/referral/invite/brendacline/1
What pens do I use?
• TUL pens & Pilot G-2 07
What camera do I use to film?
• Samsung Galaxy S7 Edge
What free editing software do I use?
• Olive – https://www.olivevideoeditor.org/
What program do I use for my intro, outro, & thumbnails?
• Canva – https://www.canva.com/join/asking-backdrop-malaga
What color nail polish do I have on?
• Paper Snow by LightsLaquer – https://lightslacquer.com/products/paper-snow
• Who Loves Orange Soda? by LightsLaquer – https://lightslacquer.com/products/who-loves-orange-soda
• Gemini by KL Polish – no longer available
• Aries by KL Polish – no longer available

DISCLAIMER: The links included in this description might be affiliate/referral links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for your support!

Whether you need lower rates or flexible repayments, we gathered a list of debt consolidation lenders that may fit your budget and needs. Read more: https://www.finder.com/best-debt-consolidation-loans?utm_source=youtube&utm_medium=video&utm_campaign=fpl&utm_content=best&utm_term=guides

Millions of Americans use Finder to help them make better decisions. We can help you too. We understand that making everyday life decisions such as finding a credit card, buying a home and getting health insurance can be daunting. That’s why we’re here. Our goal is to help you navigate those complex decisions by making them less of a chore (and hopefully less of a bore, too!) Visit us at https://www.finder.com

#debtconsolidation #bestdebtconsolidationloans #debtconsolidationloan

Lets discuss the ever growing national debt, whether or not this is a concern, if it’s a bubble, and how this affects your money and investing for the future – enjoy! Add me on Instagram: GPStephan

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The United States is, at its core…kind of like a business. It has what’s called a GDP, which stands for Gross Domestic Product – and that’s the entire market value of all the goods and services produced within the United States..the purpose of this is to measure the economic output of our country, see if we’re GROWING as a society, and when that number goes up – it tells us that incomes are increasing, and people are spending more.

Now, this is important because – ALONGSIDE that GPS – includes all of that revenue that the country makes to keep itself running. After all, roads need to be built, the military needs to continue running, police and firefighters need to get paid, like buttons need to be smashed…and so on. Now, a lot of those types of services are all paid for through our tax dollars – and, just with any business, there are going to be times where there isn’t enough tax revenue to pay for all the services that we get.

Typically, this is done through issuing bonds and treasury bills – which is just a fancy way of saying: The government will pay people interest if they loan it money. And that loan is guaranteed by the United States, which – lets be real – it’s pretty much guaranteed to pay it back, so people see this as a really, REALLY safe investment.

But – in terms of who actually BUYS and OWNS this debt: here you go:
https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21

So, here are a few concerns that frequently get brought up:

One: If interest rates begin to rise, the cost of holding on to that debt become more expensive. Right now, since interest rates are next to nothing…the United States holding on to $25 trillion worth of debt isn’t much of a concern. If anything, it’s BETTER to hold more debt at a time where interest rates are low…than it is to hold LESS debt when interest rates are high – just because, with low rates, that debt is cheaper to keep.

BUT…if interest rates were to be at 4%…that debt would begin draining money from other resources, and when the United States needs to figure out how to raise more cash – the worry is that they’ll do it through higher taxation.

Two: The other concern is we just carry on as usual…and then leave it up to future generations to worry about. Maybe THEY’LL be the ones that are taxed higher, maybe THEY’LL be the ones with less money spent on public services…or, we can leave it to them to keep kicking the can down a little further until our Grandkids do something about it.

In terms of whether or not we should be worried about our debt…the answer is, PROBABLY NOT.

When we look at our debt in relation to how much money we make…we’re actually a LOT lower than quite a few other countries. You can see here that, sure, we might OWE the most amount of money…but, we also MAKE quite a lot of money, as well:
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

Secondly, I think it’s assumed that the plan of action here is to keep interest rates low, and then let inflation do its thing – as long as our economy continues to grow, and innovate…that debt will just sit there, whittling away, assuming we don’t keep adding to it.

And really…because of that there’s no REASON to pay off the debt early. Why would they?

HOWEVER…where I see the biggest obstacle, is IF people stop investing in the United States, and we stop growing as fast as we have been…then the United States will be forced to pay higher interest in their debts to entice more people to lend money, and THAT – in turn – would almost certainly mean higher taxes in the future.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.